Question: What are the six steps in developing a financial plan
What are the six steps in developing a financial plan?
Relevant QuestionsHow do your financial goals fit into your financial plan? Why should goals be realistic? What are three time frames for goals? Give an example of a goal for each time frame. How can an understanding of personal finance benefit you? Mia has $3,000 in assets, a finance company loan for $500, and an outstanding credit card balance of $135. Mia's monthly cash inflows are $2,000, and she has monthly expenses of $1,650. What is Mia's net worth? What are bonds? What are stocks? What are mutual funds? Describe how each of these provides a return on your investment. What is a budget? What is the purpose of a budget? How can a budget help when you are anticipating cash shortages or a cash surplus?
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